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The WSJ's GE Reversal

By Tim KnightStock MarketsFeb 12, 2019 12:38PM ET
www.investing.com/analysis/the-wsjs-ge-reversal-200387022
The WSJ's GE Reversal
By Tim Knight   |  Feb 12, 2019 12:38PM ET
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Back in mid-December, as I was thumbing through the Sunday Wall Street Journal at a fencing tournament, I read a lengthy, in-depth analysis of General Electric Company (NYSE:GE). It was quite a damning piece, and it was long enough to be a novella. I tweeted out this image from the paper, since I found it funny that GE had paid for an advertisement that the WSJ decided to put right next to this corporate tear-down:

WSJ On General Electric
WSJ On General Electric

Of course, the contrarians out there probably decided that a piece of journalism this exhaustive and this damning would probably be a buying opportunity. And now, a mere two months later, we have the results: a nearly 50% increase in the price of the stock.

General Electric
General Electric

Simply stated, this major piece in the business section inadvertently called the bottom of one of the biggest equity routs in history.

General Electric
General Electric

The WSJ's GE Reversal
 
The WSJ's GE Reversal

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